Lockheed Martin Employee Benefit: 401K Plan | Glassdoor

Lockheed Martin 401K Plan

Updated Apr 04, 2018

647 employees reported this benefit


Employer Summary

Lockheed Martin provides a 401(k) Savings Plan.

Employer Verified
Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 138
  • Sep 26, 2018
    StarStarStarStarStar Former Systems Analyst in Los Angeles, California

    Similar to others - some funds have limited access

  • Sep 08, 2018
    StarStarStarStarStar Former Pilot in New York, New York State

    I saved $15k in my last year and LM gave me $9k !! Not really sure why I left.

  • Sep 07, 2018
    StarStarStarStarStar Current Systems Engineer Asc in Littleton, Colorado

    High company contribution, up to 6% (2% outright, and matching employee contribution up to 4%)

  • Jun 18, 2018

    I get 10% and I put in 8%

  • Jun 06, 2018
    StarStarStarStarStar Current Employee in Orlando, Florida

    It is nice that they match up to 50% of your contribution since they got rid of the pension. Just keep praying the stock market only goes up.

  • May 13, 2018
    StarStarStarStarStar Current Employee in Littleton, Colorado

    Very lackluster funds in the 401k plan. High management fees and underperforming fund lineup. Plus you can invest in Company Stock which just took a 30% drop. They match a generous amount in the 401k plan, but you will lose it all to high fees and no returns on your investments.

  • Apr 11, 2018
    StarStarStarStarStar Current Employee in Bethesda, Maryland

    Due to not having a pension, it could be better.

  • Mar 24, 2018
    StarStarStarStarStar Former Senior Software Engineer in King of Prussia, Pennsylvania

    Great match and great plans through Voya

  • Mar 02, 2018
    StarStarStarStarStar Current Aeronautical Engineer in Fort Worth, Texas

    At 10% total, better than many companies.

  • Feb 19, 2018
    StarStarStarStarStar Current Employee in Grand Prairie, Texas

    Pretty good match compared to other companies

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